Farm with Office
2356 Alabama River Parkway, Millbrook, AL 36054
For Sale
$475,000
CommercialSale, Millbrook, AL
Property Size2,300 SF
Lot Size8.28 Acres
Price / SF$206.52
Days on Market254
Property Features for 2356 Alabama River Parkway
General Information
Property type
Property subtype
Zoning description
Parking
Security features
Interior features
Exterior features
Lot features
Middle school
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Flooring type
Additional Structures
Listing Agency:
LanMac Realty
(334) 277-5546
Listed By:
Joshua Noah · License AL #0103176
(334) 312-2104
Added: Mar 2
Changed: Oct 24
Last Checked: Nov 10 at 10:06PM
MLS# 584286
Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 8.28-acre property comprises three parcels and includes a 2,300-square-foot office building constructed in 2020. The building is currently leased. Multiple accessory structures support berry-farm operations, with several blueberry varieties as well as muscadine and scuppernong vines. An additional 7.28 acres was previously used for U-pick berries, a petting farm, and a seasonal pumpkin patch.
The site has approximately 692 feet of frontage along Alabama River Parkway. The existing improvements include the leased office and agricultural support structures.
The site has approximately 692 feet of frontage along Alabama River Parkway. The existing improvements include the leased office and agricultural support structures.
Key Highlights
- 8.28 acres across three parcels
- Approximately 692 feet of frontage on Alabama River Parkway
- 2,300+/- sq ft office building constructed in 2020 and currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,461
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,220
$509.2K
Cap Rate 7%
$363,729
$363.7K
Cap Rate 9%
$282,900
$282.9K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$41.4K $18.00/SF
− Vacancy
−$7.5K −$3.24/SF
EGI
$33.9K $14.76/SF
− OpEx
−$8.5K −$3.69/SF
NOI
$25.5K $11.07/SF
Area
Elmore County, AL
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,220
Cap Rate 7%
$363,729
Cap Rate 9%
$282,900
Alternative Uses
Best Use
Office B
$363.7K
$318.3K – $424.4K
NOI $25,461 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,385 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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Business Placement
Demographics for 36054, AL
15,204
Population
6,265
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
90%
High-School Grad
28.1 sq mi
ZIP Area
541
Density / Sq Mi
$60,984
Median Household Income
$41,012
Median Earnings
$1,012
Median Rent
$172,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Farm - A leased office and established berry plantings combine agricultural operations with an income-producing component.
Where is this farm located?
The property is located at 2356 Alabama River Parkway Millbrook, AL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 8.28 acres across three parcels; Approximately 692 feet of frontage on Alabama River Parkway; 2,300+/- sq ft office building constructed in 2020 and currently leased
